1.Santiment highlights Chainlink's notable development activity, propelling it into the #top 5 most developed assets list over the past 30 days. Additionally, shark and whale addresses now hold the highest number of LINK coins since December 2022, accumulating $192.2 million #LINK in the last month.
2. Chainlink's price analysis suggests the possibility of a #breakout in the near future. A symmetrical triangle pattern has formed on the daily chart, with a positive breakout potentially leading to a rise to $8.40, while a negative breakout could result in a drop to $6.127.
3. A #bearish scenario is suggested as the 9-day EMA line attempts to cross below the 20-day EMA line, indicating a potential short-term negative trend and the likelihood of LINK's price continuing to decline in the #upcoming week.
